Headlines about Cherry Hill Mortgage Investment (NYSE:CHMI) have been trending somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cherry Hill Mortgage Investment earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.7607352359909 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of CHMI remained flat at $$17.55 during midday trading on Friday. The stock had a trading volume of 55,457 shares, compared to its average volume of 105,887. The stock has a market cap of $223.25, a PE ratio of 7.91 and a beta of 0.22. Cherry Hill Mortgage Investment has a fifty-two week low of $16.01 and a fifty-two week high of $19.43.
Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its quarterly earnings data on Friday, March 16th. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.05. The business had revenue of $6.98 million during the quarter, compared to analysts’ expectations of $5.84 million. Cherry Hill Mortgage Investment had a return on equity of 9.83% and a net margin of 113.50%. equities analysts forecast that Cherry Hill Mortgage Investment will post 1.98 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 24th. Stockholders of record on Thursday, March 29th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 11.17%. The ex-dividend date of this dividend is Wednesday, March 28th. Cherry Hill Mortgage Investment’s payout ratio is presently 88.29%.
A number of equities analysts recently commented on CHMI shares. Zacks Investment Research cut Cherry Hill Mortgage Investment from a “hold” rating to a “strong sell” rating in a report on Friday, January 12th. ValuEngine upgraded Cherry Hill Mortgage Investment from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 7th. Finally, B. Riley set a $20.00 target price on Cherry Hill Mortgage Investment and gave the company a “buy” rating in a report on Monday, March 19th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Cherry Hill Mortgage Investment currently has a consensus rating of “Buy” and a consensus price target of $19.63.
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Cherry Hill Mortgage Investment Company Profile
Cherry Hill Mortgage Investment Corporation is a residential real estate finance company. The Company is focused on acquiring, investing in and managing residential mortgage assets in the United States. Its principal objective is to generate attractive current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation.
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